How to Buy Dai (DAI) in Gambia

A Step-by-Step-Guide on how to buy Dai (DAI) in Gambia

Step 1 – Join Coinbase and get 10$ for free

In the beginning you'll need to purchase one of the major coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click below for registration and getting your welcome 10$.

Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Dai (DAI) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow these easy steps)

Make sure you have chosen the correct coin you want to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. If you're dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our manual).

Step 3 – Locate (DAI) Dai

As soon as your deposit has been verified, you will directly have access to your finances and you can initiate purchasing and trading. To purchase (DAI) Dai on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”.

In order to find (DAI) Dai, you'll need to put the shortname of the coin (DAI) into the search box, which is marked in the picture. Make sure you have choosen the right grouping, we have marked this also. Click on “DAI/BTC” to go ahead.

Step 4 – Acquisition of Dai (DAI)

As soon as you have found (DAI) Dai, you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). For now we're going to create our Limit Order.

The “Price” field will be filled with the up-to-date price (DAI) Dai was traded for. You can change this to your desired rate. The field with the “Amount” tag is the volumen of DAI you wish to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll settle for the whole quantity of DAI.

If you are happy, click on “Buy DAI”. Your order will be filled as soon as a Seller trades their DAI for the price you submitted.

Step 5 – Withdraw Dai (DAI)

Unless you are frequently trading, never keep your crypto on an Crypto Trader for an extended period of time. To withdraw your Dai (DAI), go to the tab called “Funds” and click on “Withdraw”. (DAI) Dai can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (DAI) Dai by using the given drop-down box. Enter the amount of Dai (DAI) you would like to take off. Don't forget the displayed fees/minimums. Also make sure you have entered your precise withdraw address.

If you are glad, click on “Submit”. You could be requested for email/phone verification before a take off.

Congratulations! You've successfully purchased and stored Dai (DAI) in Gambia.

That's it!

Withdrawals from Crypto Trader can durate between 1 – 30 minutes (depending on network usage). Once you've proved your take off using Ethplorer.io or Etherscan.io and the (DAI) Dai is stored in your wallet, you are all done.